Gone are the days when we used to rely on big companies to manipulate us. We were always on the lookout of being exploited, not that we knowingly wanted to but that was just how things were. But thanks to blockchain and Satoshi Nakamoto, decentralization is our new best friend.
Ever since blockchain came out, a lot of people have been raving about it. The technology didn’t gain attention for nothing, it became irresistible, tempting and charming that nobody could keep their hands off. So much so that even big centralized companies are shifting towards it, despite knowing that this has more use for the customers than them.
The perks are absolutely crazy that makes the concept of centralization appear like a monster. We humans can’t really see what’s best for us until we are presented with a better option, and decentralization has shown us what better is. The world is full of opportunities and possibilities.
Second Growth Phase of Internet
The second phase started in the mid-2000s. The big tech giants built software and services that left small startups behind. And later the adoption of smartphones is what further pushed them to their limits.
So on one hand where people were really profiting off these tech giants, startups couldn’t grow their internet presence without worrying about the fact that Google might one day change their game plan. This fear is often found among video gamers as well as they don’t know what the next update has in store for them.
Living under this constant fear has stifled innovation. Moreover, the emergence of ‘fake news’ – thanks to social media hubs – has rendered it the least reliable source. To get authentic information you have to go through at least 2-3 google pages to verify it – and trust me that’s a lot.
Third Phase of the Internet
It is safe to say that we have entered the third phase of the internet which is crypto dominated. Chris Dixon described it as:
“Crypto-networks combine the best features of the first two Internet eras: community-governed, decentralized networks with capabilities that will eventually exceed those of the most advanced centralized services.”
Decentralized networks help to maintain a level of neutrality as well. They align network participants to work together toward a common goal. Decentralization is a two-way street where BOTH the parties reach a consensus on what they want instead of one person being in the driving seat. It is like a healthy marriage where the developers and the consumers mutually decide how to progress things. Most baby boomers or desi men could really learn a thing or two on how to have a healthy marriage through the blockchain ideology.
So, when are you tying the knot with the world of blockchain?